Updated Dec 21, 2023
Marcus & Millichap Brokers $10.5M Sale Of Development Site In Lacey, WA
6655 Britton Pkwy NE, Lacey, Washington 98516, United States
$10,500,000
Building Size
—
Asset Type
Development Site
Closing
Oct 30, 2022
About this deal
AI
A development site on Britton Parkway NE in Lacey, WA has been sold for $10,500,000. The site spans approximately 29 acres and was sold in a closed transaction. The sale was facilitated by brokers Timothy Ufkes and Rich Day from Marcus & Millichap. No additional information about the property is available.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Address: 6655 Britton Parkway NE, Lacey, WA
- Market: Lacey, WA
- Asset Type: Development Site
- Acres: 29
The deal was brokered by Timothy Ufkes and Rich Day from Marcus & Millichap. No additional information about the transaction or the parties involved is available.
Players
Lacey Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93